Taiwan shares edge lower

Taipei, March 31 (CNA) Shares in Taiwan edged lower on Friday after a selling spree, though the weighted index remained above the 9,800 point mark, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 36.63 points, or 0.37 percent, at 9,811.52, on turnover of NT$100.56 billion (US$3.31 billion).

Trading was mixed in old economy sectors, with the sub-index for glass-manufacturing seeing the strongest surge of 2.16 percent among sub-index industries. The textile sub-index had the weakest performance with a fall of 1.02 percent.

Among large-cap electronics stocks, shares in Largan Precision Co. (???), which supplies smartphone camera lenses to Apple, rose 1.92 percent to close at NT$4,780 per, while contract chip maker Taiwan Semiconductor Manufacturing Co. (???), the most heavily weighted stock on Taiwan's market, fell 1.31 percent to end at NT$189.

Hon Hai Precision Industry Co. (??), the world's largest contract electronics maker and assembler of iPhones and iPads, lost 0.44 percent to close at NT$91, while integrated circuit packaging and testing services firm Advanced Semiconductor Engineering Inc. (???) shed 2.39 percent to close at NT38.75.

The electronics sub-index fell 0.53 percent and the financial sector was also weak, with a fall of 0.34 percent.

Source: Focus Taiwan News Channel